digital freight brokers

Transfix sees record results ahead of public listing

Transfix firing on all cylinders ahead of public listing

Digital freight platform Transfix announced fourth-quarter growth in key financial metrics Tuesday. Full-year 2021 provided the company with many milestones, including record financial results.

Total revenue increased 37% year-over-year in the quarter to $87 million. The result pushed the top line 60% higher for full-year 2021 to $296 million. Adjusted gross profit in the quarter increased 5% to $6.1 million. The adjusted gross profit margin was down 220 basis points to 7% as third-party truck...

https://www.freightwaves.com/news/transfix-sees-record-results-ahead-of-public-listing

Loadsmart solidifies status as one-stop logistics shop

It’s been a banner year for Loadsmart, the New York- headquartered digital freight technology company.

The firm in November raised $90 million in Series C, following a major expansion of its multimodal network into less-than-truckload, partial and rail.

Landing on FreightWaves’ 2021 Freight Tech 25, an annual ranking of the most innovative companies, adds to the list of accomplishments.

“We’re honored to be selected for the third consecutive year as an innovator in freight technology,” Hunter Yaw,...

https://s29755.pcdn.co/news/loadsmart-solidifies-status-as-one-stop-logistics-shop

Teknowlogi uses AI to automate email quote requests

Freight brokerages and third-party logistics providers (3PLs) are tasked with processing hundreds if not thousands of freight quotes daily. In this industry, speed is the name of the game, and the broker first to respond generally wins the deal.

But the quoting process is fractured. To handle the endless stream of quotes, brokers have programmed sophisticated self-service, front-end portals within their websites to guide customers through the process. While this may seem like an end-all...

https://s29755.pcdn.co/news/teknowlogi-uses-ai-to-automate-email-quote-requests

Commentary: Another freight forwarding disruptor joins the fray

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

Late last month, Beacon – a digital freight forwarder based in the U.K. – announced that it had raised $15 million in a Series A round of financing. It also announced that Jeff Bezos was one of the investors in that round.

Bezos’ investment instantly became an issue of discussion among people who follow early-stage technology startups in the freight markets. The...

https://www.freightwaves.com/news/commentary-another-freight-forwarding-disruptor-joins-the-fray